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Key Details
Sold Price $1,750,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 15,571 sqft
Price per Sqft $112
MLS Listing ID 24-11650
Sold Date 02/10/25
Bedrooms 31
Full Baths 16
Construction Status Existing Structure
Originating Board Alaska Multiple Listing Service
Year Built 2009
Annual Tax Amount $20,536
Lot Size 0.489 Acres
Acres 0.49
Property Description
This 8-unit community presents a prime investment opportunity for those seeking high returns, low operating expenses, and straightforward management. Gross annual income: $223K. Annual Op Ex: $56K. NOI: $166K. 4-bedroom units increasing to $2,500/mo upon lease expiration allows for increased ROI for an investor after acquisition. Property being sold as-is, where-is.
Location
State AK
Area 10 - Spenard
Zoning R2M - Multi Family Residential
Direction Refer to Google Maps or any alternative maps application.
Interior
Heating Forced Air, Natural Gas
Flooring Luxury Vinyl Plank
Exterior
Parking Features Tuck Under
Garage Spaces 16.0
Garage Description 16.0
Waterfront Description Creek
View Mountains
Roof Type Asphalt
Topography Level
Building
Lot Description Level
Lot Size Range 0.49
Sewer Public Sewer
New Construction No
Construction Status Existing Structure
Schools
Elementary Schools Northwood
Middle Schools Romig
High Schools West Anchorage
Others
Tax ID 0101341600001
Acceptable Financing AHFC, Cash, Conventional, 1031 Exchange
Listing Terms AHFC, Cash, Conventional, 1031 Exchange
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Bought with RMG Real Estate Valley Office